The Latest

The owner of the MacArthur Center Mall in Norfolk, Va., has defaulted on a $750 million loan which includes the property as collateral.

The mayor of Taylor, Mich., was indicted by a federal grand jury on allegations of bribery related to the sale of tax-foreclosed properties

Pending new home sales increased both on a month-to-month and annual basis, benefitting from the current low mortgage rate environment, although they are still constrained by inventory issues, a Meyers Research report said.

First mortgage volumes continue to rise at credit unions, but home equity lines of credit have fallen dramatically in recent years.

DBRS Morningstar's presale report raises concerns that the securitized loan for Onni Group's Wilshire Courtyard faces considerable risks from the business volatility of its largest tenant.

The United Kingdom’s legal separation of retail deposit-taking from risker activities prevents banks from transferring domestic earnings internally, and the trapped capital has become the catalyst for a mortgage price war.

Downtown San Jose, which has been overshadowed by its Bay Area neighbors, is having a real estate development boom because it qualifies as an opportunity zone

HomeTrust Bancshares in Asheville, N.C., sold a portfolio of residential mortgages as part of a balance sheet restructuring, with plans to sell more.

Fannie Mae and Freddie Mac will start requiring mortgage lenders to use the new uniform residential loan application late next year.

Metro Atlanta home prices continued their climb in November as sellers continued to hold the advantage in negotiations.